Millennium Gardens

Address:     

  • Millennium Gardens, Hungary

Size:   

  • 400,000 sqft

Project:    

  • The development comprises a new build Grade A office building on the banks of The Danube incorporating 4 levels of underground car parking, retail with 10 upper floors of offices. The development also provides external public realm space at ground level.
  • Epsilon act as Client Representative on behalf of a Fund Manager, advising and reporting on programme and procurement, construction progress, budgets, financing and leasing.

Success:     

  • Clear and regular reporting has allowed the Fund Manager to investigate and model a number of scenarios.
  • Oversight of the Construction Management procurement route has allowed the project to adapt to varying market conditions.
  • Upgrading the building to achieve BREEAM Excellent.
  • Oversight of the leasing activity has enabled the building to achieve pre-leases during COVID 19 pandemic.
  • Oversight of the financing has enabled a Development Facility Agreement to be agreed.

Current Position:

  • Project currently on site with the structural frame complete and the façade works progressing.

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